CityStation developers apply for tax relief

The United Group is asking for sales and mortgage tax exemptions, as well as tax exemptions as part of a payment-in-lieu-of-taxes arrangement. A public hearing on the developer’s IDA application is scheduled for Jan. 11 at 11 a.m. (More info here.)

The tax relief request is for a five-story building (rendering below) that would be built as part of the redeveloping Congress/Ferry corridor. That building, which would include retail and 48 student apartments, would kick off the development of a broader $140 million development with the potential transform the southeast corner of downtown (rendering above).